Consumer Finance

Consumer financing is when a business offers financing to their customers with help from a professional finance company. This allows the consumer to pay for a good or service they couldn't pay for up front in cash or credit card. Consumer finance is helpful for both businesses and consumers
High-Income Earners’ Love of Installment Plans Signals Lucrative Opportunity for Merchants
Consumer Finance
High-Income Earners’ Love of Installment Plans Signals Lucrative Opportunity for Merchants
September 29, 2023

Credit card installment plans for common purchases are gaining popularity among consumers, who are drawn to the flexibility they offer in managing their spending and credit.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

What We Know About the Paycheck-to-Paycheck Consumer Three Years Post-Pandemic
Consumer Finance
What We Know About the Paycheck-to-Paycheck Consumer Three Years Post-Pandemic
September 28, 2023

Across the span of more than two dozen reports since the darkest days of the pandemic more than three years ago — and with eight reports this year alone — the joint efforts between PYMNTS Intelligence and LendingClub reveal a few hard truths about the...

Trade-Offs and Trade-Downs May Be Keys to Getting the Holiday Shopping Done
Consumer Finance
Trade-Offs and Trade-Downs May Be Keys to Getting the Holiday Shopping Done
September 27, 2023

With October just about to dawn, many stores are already prodding consumers to think about the holiday shopping season, where December looms as a make-or-break month. The weeks leading into the end of the year are a marathon — and often a sprint — of...

Holiday Season Creates Financial Stress for Two-Thirds of US Consumers
Consumer Finance
Holiday Season Creates Financial Stress for Two-Thirds of US Consumers
September 27, 2023

Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States, even as inflation has slowed. As of August 2023, 60% of consumers live paycheck to paycheck, with 19% struggling to pay monthly bills. Those living paycheck to paycheck include as...

Goldman: Credit Card Losses Climbing at Quickest Rate Since 2008
Consumer Finance
Goldman: Credit Card Losses Climbing at Quickest Rate Since 2008
September 24, 2023

Credit card companies are seeing losses rise at the fastest rate since the Great Recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

LendingClub: Nonessential Spending Needs a Gut Check Ahead of Holiday Shopping Season
Consumer Finance
LendingClub: Nonessential Spending Needs a Gut Check Ahead of Holiday Shopping Season
September 19, 2023

The latest economic data is in, and the Consumer Price Index shows that inflation has picked up to its fastest pace in several months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Amex Card Delinquencies Creep Up but Remain Below Pre-COVID Levels
Consumer Finance
Amex Card Delinquencies Creep Up but Remain Below Pre-COVID Levels
September 17, 2023

American Express says its credit card delinquency rates remain below pre-pandemic levels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Nearly 30% of High Earners Cite Nonessential Spending as Reason for Paycheck-to-Paycheck Lifestyle
Consumer Finance
Nearly 30% of High Earners Cite Nonessential Spending as Reason for Paycheck-to-Paycheck Lifestyle
September 14, 2023

Living paycheck to paycheck is a harsh reality for millions of individuals in the U.S., and nonessential spending plays a key role in adding to the financial burden on these cash-strapped consumers. Get the Full Story Complete the form to unlock this article and enjoy...

Can Prize-Linked Savings Accounts Help Consumers Play Their Way to Prosperity?
Consumer Finance
Can Prize-Linked Savings Accounts Help Consumers Play Their Way to Prosperity?
September 13, 2023

In light of today’s challenging macro environment, Americans’ savings accounts may need some saving themselves. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...